Wave Systems to Present at Needham & Company’s HDD & Memory Conference in Boston on Thursday, Nov. 3

Wave’s Presentation at 10:05 a.m. will be Available Live via Webcast

Lee, MA October 26, 2011 Wave Systems Corp. (NASDAQ:WAVX www.wave.com) a leading provider of trusted computing software, announced today that Steven K. Sprague, CEO, and Gerard T. Feeney, CFO, will present at Needham & Company’s Fifth Annual HDD & Memory Conference in Boston on Thursday, November 3, 2011 at The Langham Hotel at 250 Franklin Street. Wave’s presentation/webcast is at 10:05 a.m. ET in the Chase Room. Management will also be available to meet with investors in individual meetings that day.

Live Webcast & Replay: available here: http://www.wave.com/news/webcasts.asp

Wave offers central management for self-encrypting drives (SEDs), where encryption is built into the hard drive itself for more robust security and minimal impact on performance as compared with software FDE. Wave was the first to support Seagate’s DriveTrust encrypted hard drives, and today supports SEDs built on the TCG Opal specification from Toshiba, Hitachi, Seagate, Samsung and Micron.

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About Wave Systems Corp.

Wave Systems Corp. (NASDAQ: WAVX) reduces the complexity, cost and uncertainty of data protection by starting inside the device.  Unlike other vendors who try to secure information by adding layers of software for security, Wave leverages the hardware security capabilities built directly into endpoint computing platforms themselves.  Wave has been among the foremost experts on this growing trend, leading the way with first-to-market solutions and helping shape standards through its work as a board member for the Trusted Computing Group. 

Safe Harbor for Forward Looking Statements

This press release may contain forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company’s financing plans; (ii) trends affecting the company’s financial condition or results of operations; (iii) the company’s growth strategy and operating strategy; and (iv) the declaration and payment of dividends.  The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements.  Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company’s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.  Wave assumes no duty to and does not undertake to update forward-looking statements.

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For more information please contact:

Gerard T. Feeney, CFO
Wave Systems Corp.
Jaffoni & Collins
David Collins, Jennifer Neuman